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  • Rating Based Modeling of Credit Risk

    Theory and Application of Migration Matrices

    by Stefan Trueck, Svetlozar T. Rachev ...
    Series series Academic Press Advanced Finance
    In the last decade rating-based models have become very popular in credit risk management. These systems use the rating of a company as the decisive variable to evaluate the default risk of a bond or loan. The popularity is due to the straightforwardness of the approach, and to the upcoming new capital accord (Basel II), which allows banks to base their capital requirements on internal as well as ... Read more

    $80.09 USD